EUR: Mildly bullish in a quiet week; GBP matches Tory wobble in the polls - ING

Sandeep Kanihama FXStreet Contributor

Analysts at ING expect to see some good hard and soft German/EZ data this week; IFO data may stay near cycle highs (Tue) while Chris Turner notes that the EUR could continue its mildly bullish bias, with a range of 1.1070-1.1280.

Key Quotes

“In the UK, the first polls since last week’s release of party manifestos has seen a narrowing of the Tory lead over Labour (to around 9-13 points); GBP’s defensive reaction to this – as well as remarks by Brexit Secretary David Davis that the UK will “walk away” from any trade deal – suggests limited upside potential ahead of the General Elections. Look for EUR/GBP to move up towards the 0.8700 level.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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